Strategic Education, Inc. to Post Q4 2024 Earnings of $1.39 Per Share, Barrington Research Forecasts (NASDAQ:STRA)

Strategic Education, Inc. (NASDAQ:STRA) – Barrington Research dropped their Q4 2024 earnings per share (EPS) estimates for Strategic Education in a research report issued to clients and investors on Wednesday, July 31st. Barrington Research analyst A. Paris now expects that the health services provider will earn $1.39 per share for the quarter, down from their previous forecast of $1.53. Barrington Research has a “Outperform” rating and a $135.00 price target on the stock. The consensus estimate for Strategic Education’s current full-year earnings is $4.96 per share.

Other equities research analysts have also recently issued reports about the company. Truist Financial increased their target price on Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. StockNews.com cut Strategic Education from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, BMO Capital Markets cut their target price on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Strategic Education presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.25.

Strategic Education Trading Down 8.1 %

NASDAQ STRA opened at $96.86 on Friday. Strategic Education has a 12 month low of $72.44 and a 12 month high of $123.62. The stock has a market cap of $2.38 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.02 and a beta of 0.57. The stock’s fifty day moving average price is $112.13 and its 200-day moving average price is $106.57. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Wednesday, July 31st. The health services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.14. The company had revenue of $312.30 million for the quarter, compared to analysts’ expectations of $308.16 million. Strategic Education had a return on equity of 7.52% and a net margin of 9.84%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share.

Strategic Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, September 6th. Strategic Education’s payout ratio is currently 56.87%.

Insider Activity

In other news, Director Robert R. Grusky sold 350 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $122.50, for a total transaction of $42,875.00. Following the transaction, the director now directly owns 11,345 shares of the company’s stock, valued at $1,389,762.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Strategic Education

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC increased its position in Strategic Education by 6,377.0% in the fourth quarter. International Assets Investment Management LLC now owns 178,182 shares of the health services provider’s stock worth $16,459,000 after buying an additional 175,431 shares in the last quarter. Norges Bank bought a new position in shares of Strategic Education during the 4th quarter valued at approximately $13,511,000. Goldman Sachs Group Inc. increased its holdings in Strategic Education by 103.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 253,390 shares of the health services provider’s stock worth $23,406,000 after acquiring an additional 128,961 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Strategic Education by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,334,695 shares of the health services provider’s stock worth $123,287,000 after acquiring an additional 65,507 shares during the period. Finally, Burgundy Asset Management Ltd. lifted its holdings in Strategic Education by 4.0% during the first quarter. Burgundy Asset Management Ltd. now owns 1,183,831 shares of the health services provider’s stock valued at $123,260,000 after purchasing an additional 45,870 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.